Jianzhi Education Receives Nasdaq Minimum Bid Price Notice

TL;DR

JZ got a warning from Nasdaq, stock price too low, risk of delisting.

AI Summary

Jianzhi Education Technology Group Co Ltd (NASDAQ: JZ) announced on November 29, 2024, that it received a minimum bid price notification from Nasdaq. This notice indicates that the company's stock has fallen below the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Why It Matters

This notification from Nasdaq could lead to the delisting of Jianzhi's stock if the company cannot regain compliance with the minimum bid price rule, potentially impacting investor confidence and stock liquidity.

Risk Assessment

Risk Level: medium — Receiving a minimum bid price notice from Nasdaq indicates a significant risk of delisting, which can negatively impact the stock's value and liquidity.

Key Numbers

• $1.00 — Minimum Bid Price (The minimum price per share required for continued listing on the Nasdaq Capital Market, which Jianzhi's stock has fallen below.)

Key Players & Entities

• Jianzhi Education Technology Group Co Ltd (company) — The company filing the report and receiving the Nasdaq notice.
• Nasdaq (company) — The stock exchange that issued the minimum bid price notification.
• JZ (company) — The ticker symbol for Jianzhi Education Technology Group Co Ltd.
• November 29, 2024 (date) — The date the filing was made and the notification was announced.

FAQ

Key Financial Figures

• $1.00 — ;) was below the minimum bid price of US$1.00 per share requirement set forth in Nasd

Filing Documents

• ea0223067-6k_jianzhi.htm (6-K) — 19KB
• ea022306701ex99-1_jianzhi.htm (EX-99.1) — 7KB
• 0001213900-24-103780.txt ( ) — 27KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-41445 Jianzhi Education Technology Group Company Limited 15/F, Tower A, Yingdu Building, Zhichun Road Haidian District, Beijing 100086 People’s Republic of China +86 10 58732560 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Jianzhi Announces Receipt of Minimum Bid Price Notice from Nasdaq Jianzhi Education Technology Group Company Limited (NASDAQ: JZ) (“Jianzhi” or the “Company”) announced that it has received a written notification letter (the “Compliance Notice”) from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated November 27, 2024, informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). As previously announced, the Company received a notification letter from the Nasdaq dated August 7, 2024, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5550(a)(2). Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days from such notification, or until February 3, 2025, to regain compliance. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. According to the Compliance Notice, for the last 10 consecutive business days, from November 13 through November 26, 2024, the closing bid price of the Company’s ADSs has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement pursuant to Nasdaq Listing Rule 5550(a)(2), and the matter is closed. On November 29, 2024, the Company issued a press release regarding the good news. A copy of the press release is attached hereto as Exhibit 99.1. Neither this report nor the exhibits constitute an offer to sell, or the solicitation of an offer to buy our securities, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The information in this Form 6-K, including the exhibits shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. 1 Exhibit Index Exhibit No. Description Exhibit 99.1 Press Release 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Jianzhi Education Technology Group Company Limited By: /s/ Yong Hu Name: Yong Hu Title: Director and Chief Executive Officer Date: November 29, 2024 3

View Full Filing

View this 6-K filing on SEC EDGAR